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Key equity indices shed early gains on negative Asian cues (Lead)

Tuesday - April 17, 2018 1:12 pm , Category : BUSINESS
 Key equity indices shed early gains on negative Asian cues (Lead)
Key equity indices shed early gains on negative Asian cues (Lead)

Mumbai April 17 (IANS) After an initial trade in the green key Indian equity indices traded on a flat-to-negative note on Tuesday afternoon tracking negative cues from the benchmark Asian indices and selling pressure on IT auto and capital goods stocks.



However healthy buying in consumer durables and metal stocks and fast moving comsumer goods (FMCG) restricted further losses.

At 12.55 p.m. the wider Nifty50 on the National Stock Exchange was trading lower by 19.40 points or 0.18 per cent at 10 508.95 points.

The barometer 30-scrip Sensex of the BSE which opened at 34 381.80 points traded at 34 270.46 points (12.55 p.m.)-- down 34.97 points or 0.10 per cent from its previous session s close.

The Sensex has so far touched a high of 34 413.83 points and a low of 34 229.83 points during the intra-day trade.

The BSE market breadth was bearish with 1 243 declines and 1 182 advances.

On Monday healthy macro-economic data along with expectations of robust quarterly corporate earnings led the equity indices to close on a higher note for the eighth consecutive session.

The Nifty50 was up 47.75 points or 0.46 per cent to close at 10 528.35 points while the Sensex closed at 34 305.43 points -- up 112.78 points or 0.33 per cent.

So far on Tuesday the top gainers on the BSE Sensex were Power Grid NTPC Hindustan Unilever Mahindra and Mahindra and Coal India while Wipro Axis Bank Sun Pharma Tata Motors and Tata Motors (DVR) were the major losers.

On NSE the major gainers so far were Power Grid NTPC and Hindustan Unilever while the top losers were Wipro Tata Motors and Sun Pharma.

--IANS
rrb/ag/vm

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